Exmar : CPS Conference January 2019

Exmar CPS Conference January 2019 London

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About this presentation

"This presentation (the "Presentation") has been produced by EXMAR NV ("EXMAR" or the "Company"). By attending a meeting where this Presentation is presented, or by reading the Presentation slides, the reader or the recipient, as the case may be, (the "Recipient") agrees to be bound to the conditions set out below. This Presentation and its content may not be reproduced, passed on or redistributed in whole or in part, directly or indirectly, to any other person.

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This Presentation is dated January 2019. Neither the delivery of this Presentation nor any further discussions of the Company with any of the Recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. The Company does not undertake any obligation to review or confirm, or to release publicly or otherwise to investors or any other person, any revisions to the information contained in this Presentation to reflect events that occur or circumstances that arise after the date of this Presentation.

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EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Reaching full employment

•  LPG fleet performing despite challenging market conditions in 1H 2018 thanks to solid contract portfolio with 1stclass customers and smooth operations; improved market conditions in 2H 2018 looking to strengthen into 2019.

•  Long-term charter agreement secured for two LPG fueled 80,200 m³ newbuild gas carriers with Equinor to be delivered in August and September 2020.

•  Tango FLNG has signed a long term tolling agreement with YPF to export LNG from Argentina for 10 year; start-up of the operations are expected in Q2 2019.

•  FSRU barge has been contracted to GUNVOR. Long-term contract started generating cash flows as from October 2018.

•  LNG/C EXCALIBUR (138,000 m³ - 2002 built) remains under charter until early 2022 at rewarding rates.

•  The accommodation barge NUNCE (350 persons - 2010 built) remains on a long-term charter until 2022. The Time-Charter on the WARIBOKO (300 persons - 2009 built) has been extended until June 2019.

•  Extension of the unsecured NOK 1,000 million bond for two years (7/2019).

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Exmar at a glance

Key metrics (proportional consolidation)

•  Market capitalization:

•  Revenue (2017):

•  EBITDA (2017):

•  Total assets (2017):

•  Equity ratio (2017):

•  Net Debt / EBITDA (2017):

•  Employees (2017):

EUR ~380m USD 228m USD 141.4m (*) USD 1,244.8m 38.4% 3.9x 1,981 (of which 1,691 seafarers)

(*) including USD 98.3 mm capital gains on the sale of Belgibo, Explorer, Express, Excelerate and Kissama

Worldwide Offices

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